The Beachbody Company, Inc. (NASDAQ:BODI) Receives Consensus Recommendation of "Moderate Buy" from Analysts

The Beachbody Company, Inc. (NASDAQ:BODI - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $8.00.A number of brokerages have recently weighed in on BODI. Canaccord Genuity Group lifted their price target on Beachbody from $7.00 to $9.00 and gave the stock a "buy" rating in a report on Tuesday, November 11th. Wall Street Zen raised Beachbody to a "buy" rating in a report on Saturday, December 27th. Zacks Research raised shares of Beachbody from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 9th. Weiss Ratings reissued a "sell (d-)" rating on shares of Beachbody in a report on Monday, December 29th. Finally, Noble Financial assumed coverage on Beachbody in a report on Tuesday, October 28th. They issued an "outperform" rating on the stock.View Our Latest Report on BODIBeachbody Stock Down 2.3%Beachbody stock opened at $9.48 on Wednesday. Beachbody has a fifty-two week low of $3.38 and a fifty-two week high of $12.33. The firm has a market capitalization of $67.21 million, a PE ratio of -1.52 and a beta of 1.12. The company's 50-day moving average is $9.83 and its 200-day moving average is $6.84. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.65 and a quick ratio of 0.53. Beachbody (NASDAQ:BODI - Get Free Report) last posted its earnings results on Monday, November 10th. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of ($0.54) by $1.05. Beachbody had a negative return on equity of 78.72% and a negative net margin of 15.09%.The business had revenue of $59.89 million for the quarter, compared to analyst estimates of $55.15 million. Sell-side analysts anticipate that Beachbody will post -8.16 earnings per share for the current year. Institutional Investors Weigh In On BeachbodyA hedge fund recently bought a new stake in Beachbody stock. Cruiser Capital Advisors LLC bought a new position in The Beachbody Company, Inc. (NASDAQ:BODI - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 19,830 shares of the company's stock, valued at approximately $117,000. Cruiser Capital Advisors LLC owned approximately 0.28% of Beachbody at the end of the most recent reporting period. Institutional investors own 74.48% of the company's stock. Beachbody Company Profile (Get Free Report)Beachbody is a consumer-oriented health and fitness company based in Santa Monica, California. Founded in 1998 by Carl Daikeler and Jon Congdon, the company originally gained prominence through at-home workout programs distributed on DVD. Over time, Beachbody has transitioned much of its content delivery to a subscription-based digital platform, offering on-demand streaming of exercise routines, meal plans and wellness coaching. The company’s portfolio includes a range of branded fitness programs—such as P90X, Insanity, 21 Day Fix and Body Beast—alongside nutrition and supplement products marketed under the Beachbody Nutrition brand.See AlsoFive stocks we like better than BeachbodyElon Taking SpaceX Public! $100 Pre-IPO Opportunity!How a Family Trust May Be Able To Help Preserve Your WealthDo not delete, read immediatelyA U.S. “birthright” claim worth trillions - activated quietlyExecutive Order 14330: Trump’s Biggest YetThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Beachbody Right Now?Before you consider Beachbody, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Beachbody wasn't on the list.While Beachbody currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here